Thread regarding Mutual of America Life layoffs

@at yes it does ! favoring low performer, non productive sales reps. No layoffs for Capital Management. no shared sacrifice. overpaying of c-suite executives, and keeping biased incentive comp quarterly pay plans for RPSs and select people in Cap Man & the c-suite.

@ap he appointed his daughter to VP of Financial reporting. I have been here for 20 yrs & i am not even a VP yet. He was biased

@ap well the favortism continues under the Rich-Malarkey administration

@aq never heard about this DOL complaint. What is the back story on that. Rich has not stabilized the firm. Capital Management funds have tanked this yr & the firm is on pace to lose $1B in net outflows again. Under his watch Fitch cut the firm to 1 notch above junk bond status at BBB+ as the firm has failed to raise revenue

@ap i believe greed redid the org chart with him being in the middle with donaldson in a dashed line to his left and Festog in a dashed line to his right.

Nepotism and Corruption Allegations
Shortly before his firing, Greed secretly promoted his son-in-law to Vice President and his daughter to a management position for which she was allegedly unqualified. These actions, described by employees as evidence of a "bunker mentality" and corruption, caused several management staff members to resign. Employees characterized the culture under Greed as a "mob mentality" focused on favoritism rather than competence.

@OP huge savings to the company on healthcare. Save $25,000 per year on health care & benefits per employee alone. It’s because of those GLP-1s you know the Diabetes dr-g which doubles as a weight loss job. They manufacture it in India for like $10 a injector pen & sell it here for $1000. MoA is a self funded plan but there are tons of employees in their late 50’s & 60’s with cancer & it is “k-ill-in the budget. Ship over to India, & health insurance expenditures go way down.